Author: Gerald Friedman
Published: February 3, 2023
Financed by: Unfinished Business Foundation
Legislation analyzed: An Act Establishing Medicare for All in Massachusetts, 193rd session (Bills S.744 & H.1239)
Download the Report: from Mass-Care or below.
The Massachusetts Health Care Trust would finance medical care with substantial savings compared with the existing multi-payer system of public and private insurers. By reducing administrative and other waste, including health insurance company profits and excessive prices for drugs, hospitals, and medical devices, the plan would increase real disposable income for the vast majority of Massachusetts residents. It would simultaneously increase employment by reducing the burden of health insurance on business. Some of these savings would be used to extend coverage to the three percent of residents still without insurance under the Affordable Care Act. Other savings would be reinvested in the health-care system to improve coverage for the growing number with inadequate coverage.